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H Hunter Company's Records Indicate the Following Information for the Year

question 87

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H. Hunter Company's records indicate the following information for the year: H. Hunter Company's records indicate the following information for the year:   On December 31, a physical inventory determined that ending inventory of $500,000 was in the warehouse. H. Hunter's gross profit on sales has remained constant at 30%. H. Hunter suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory? A) $60,000 B) $100,000 C) $150,000 D) $1,340,000 On December 31, a physical inventory determined that ending inventory of $500,000 was in the warehouse. H. Hunter's gross profit on sales has remained constant at 30%. H. Hunter suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory?


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